OGN Technical Analysis - ORGANON & CO

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to OGN. OGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

92% of all other stocks performed better in the past year than OGN.

OGN is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, of which 71% are performing better than OGN.

OGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month OGN has a been trading in the 9.13 - 11.29 range, which is quite wide. It is currently trading near the lows of this range.

OGN has an average volume of 3616790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of OGN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.59

10.96

When analyzing the support we notice one important area.

A support zone ranging from 8.68 to 8.74. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 9.61 to 9.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @10.42 from a trend line in the weekly time frame.
Resistance @10.63 from a trend line in the daily time frame.
Resistance @10.85 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for OGN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for OGN is down.
ChartMill Relative Strength	8.48	NEGATIVE	OGN has a low relative strength, it was outperformed by 91.52% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of OGN is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of OGN is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of OGN is below a declining SMA(200).
Relative Strength Index/RSI (14)	32.08	NEUTRAL	The RSI value for OGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.16	NEGATIVE	The MACD value suggests OGN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	7.17	OVERSOLD	The low Stochastics value suggests OGN may be oversold.
Average True Range in percent/ATR (20)	3.58	MEDIUM VOLATILITY	The ATR as a percentage value for OGN suggests some volalility.
Average Directional Index/ADX (14)	25.04	POSITIVE	The high ADX value value for OGN suggests a strong trend.